Industry News
13 August 2009
Golden Gate Capital and Infor Complete Acquisition of SoftBrands
SoftBrands, Inc. (NYSE Amex: SBN) today announced the completion of its acquisition by an affiliate of Golden Gate Capital and Infor. Holders of SoftBrands' common shares will receive $0.92 in cash per common share as a result of the transaction.
On Aug. 12, 2009, stockholders of SoftBrands approved the transaction. Approximately 42.0 million shares were voted (in person or by proxy) at the special meeting of stockholders held Aug. 12, 2009, representing 67.7 percent of SoftBrands' total outstanding voting shares as of the July 8, 2009 record date. Of those shares voting, approximately 41.3 million shares voted in favor of approval of the merger agreement, representing 98.4 percent of the shares that were voted. http://finance.yahoo.com/news/Golden-Gate-Capital-and-Infor-prnews-3882863990.html?x=0&.v=1
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